It’s funny sometimes. Penny stocks tend to see much more volatility, sure, but even when major markets are down, these microcap stocks still perform. Case and point, Pennystocks.com has continued to report on the top penny stocks in the market and every day, we find at least 1 penny stock to watch for an entire week. Today we’re looking at 4 penny stocks to watch before the opening bell on April 22, 2019.
Moleculin Biotech (MBRX)
This biotech penny stock was one we began reporting on last week. News from Moleculin Biotech (MBRX) hit press wires and triggered a firestorm of buying in the stock.
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What’s behind the April 22nd move? Once again, we’ve got penny stock news sparking excitement in the premarket session. Moleculin announced that it will be hosting a conference call on April 24th. The topic of conversation will be to go over a significant discovery for lung cancer. They will also talk about FDA Fast Track Designation and other corporate milestones.
Precipio Inc. (PRPO)
Since April 9, we’ve continued to watch the activity of Precipio Inc. (PRPO) shares. With the most recent development being a shuffle in the executive team, it would seem the company is focused on strategy. Ori Karev came on board as the Chief Strategy Officer last week.
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With experience at United Healthcare Global, his strong background in the healthcare industry could strengthen the company’s leadership team even more. The market is likely expecting more from Precipio’s financial report for the 2018 fiscal year. A conference call is set for May 6; two weeks from today.
Regional Health Properties, Inc. (RHE)
Shares of the healthcare penny stock hit scanners early this morning. Regional Health Properties (RHE) trading has picked up ever since announcing an agreement with MED Healthcare Partners last week. The two companies entered into a deal to sell four skilled nursing facilities for nearly $30 million. In fact, before the Passover/Easter weekend, shares of RHE stock saw one of their highest volume trading days since January. Could this momentum continue into the April 22 session? Comment below.
Francesca’s Holdings Corporation (FRAN)
There has been a bit of uncertainty surrounding Francesca’s (FRAN) stock. Late last week the company announced that it would be delaying its annual filing. But then the company came out with strong quarterly guidance. Not only did the company see Q4 sales beat estimates ($119.3M vs $117.7M) but FRAN also found $15M in annual gross savings.
Of course most of the trading momentum happened after the close of the market on April 18th. But this has continued well into Monday’s premarket session. Will FRAN stock head even higher today or will the opening bell show a fizzle?